Whirlpool's 5.10% margin trails Consumer Discretionary peers
Other income of Rs 68.89 cr made a material contribution to the consolidated Rs 138.75 cr pre-tax profit.
Filed 05 Aug 2026, 14:32 IST · Whirlpool of India Ltd (WHIRLPOOL)
Key takeaways
- Whirlpool of India reported consolidated revenue of Rs 2,726.75 cr and operating profit of Rs 139.11 cr in Q1FY27.
- Other income of Rs 68.89 cr materially supported consolidated profit before tax of Rs 138.75 cr.
- The 5.10% operating margin was 8.20 percentage points below the 13.30% median for 90 reported Consumer Discretionary peers.
Price around the results
Q1FY27 earnings were supported beyond operations
Whirlpool of India's consolidated revenue of Rs 2,726.75 cr generated operating profit of Rs 139.11 cr, leaving limited operating conversion at a 5.10% margin. Net profit was Rs 102.88 cr after interest of Rs 14.77 cr, depreciation of Rs 54.48 cr and tax of Rs 35.87 cr.
Other income was a material part of pre-tax profit
Other income of Rs 68.89 cr was material against consolidated profit before tax of Rs 138.75 cr, so reported profit was not driven by operating earnings alone. The 25.85% tax rate further shaped the conversion from pre-tax profit to net profit.
Margin sits well below the sector comparison
Whirlpool's 5.10% consolidated operating margin was 8.20 percentage points below the 13.30% median among 90 Consumer Discretionary peers that had reported. It ranked 12th from the bottom on this comparison, placing its operating profitability near the weaker end of the reported group.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹2,727 cr |
| Other income | ₹69 cr |
| Expenses | ₹2,588 cr |
| Operating profit | ₹139 cr |
| Operating margin (%) | 5.10% |
| Interest | ₹15 cr |
| Depreciation | ₹54 cr |
| Profit before tax | ₹139 cr |
| Tax | ₹36 cr |
| Net profit | ₹103 cr |
| EPS (₹) | ₹8.11 |
Operating margin of 5.10% compares with a Consumer Discretionary sector median of 13.30% across 90 peers that have reported Q1FY27.
What to watch
- Whether operating margin moves above 5.10% in the next reported quarter.
- Whether operating profit increases relative to other income of Rs 68.89 cr.
- Whether the tax rate remains near 25.85%.